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General Meetings of Shareholders9927WATT MANN CO.,LTD.Retail

Notice of Convocation of the 2026 Extraordinary General Meeting of Shareholders

At the Extraordinary General Meeting of Shareholders, the Company will submit proposals including a share consolidation in which 2,112,184 Company shares will be consolidated into 1 share as the second-stage procedure following the tender offer, thereby taking the Company private. Fractional shares resulting from the share consolidation are generally expected to be converted into cash at the equivalent of ¥972 per share.

Worth reading
52Recurring
Scored from 3 of 4 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
2112184
Reverse stock split of shares into 1 share
Wording
Conditional
How definitive the wording is.

Resolutions for the General Meeting of Shareholders

Extraordinary General Meeting of Shareholders
2026
May 29
Date and time27 days from this disclosure to the meeting
Matters for resolution3 items

  1. Share Consolidation

  2. Partial Amendments to the Articles of Incorporation

  3. Execution of an amendment agreement relating to the restricted stock allocation agreement entered into with Kawabata Yasushi (川畑泰史), the Company's representative director and president

Shareholder Proposal

No

A shareholder proposal is a resolution submitted by a shareholder, rather than by the company.
Resolutions for the General Meeting of Shareholders
ItemDetails
Type of shareholders' meetingExtraordinary General Meeting of Shareholders
Date and time10:00 a.m. on Friday, 29 May 2026
Matters for resolutionProposal No. 1: Share Consolidation, Proposal No. 2: Partial Amendments to the Articles of Incorporation, Proposal No. 3: Execution of an amendment agreement relating to the restricted stock allocation agreement entered into with Kawabata Yasushi (川畑泰史), the Company's representative director and president
Shareholder ProposalNo
Items this document does not state (2)
Director nomineePercentage voting in favor

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

As part of the MBO, to make the tender offeror and shareholders who have agreed not to tender their shares the only shareholders of the Company and take the Company private. The Company states that it aims to enhance corporate value over the medium to long term by reducing the costs of maintaining its listing, being relieved of IR-related requirements, strengthening store openings and pursuing roll-up acquisitions in its reuse business, and expanding its new-products e-commerce business.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice of Convocation of the 2026 Extraordinary General Meeting of Shareholders | WATT MANN CO.,LTD. (9927) timely disclosure | Komori